Real Estate Equity

We’ve been developing and investing in real estate for nearly a century, and today we maintain a fully integrated investment platform in core, core-plus, and value-add office, industrial, multifamily, and retail assets in the United States, Canada, and Asia.

 

Philosophy

We focus on markets with strong growth characteristics, attractive demographics, and the potential for improving long-term valuations. Our active asset management maximizes returns by delivering consistent income and long-term capital appreciation throughout each market cycle, taking a prudent approach to the use of leverage. Our geographically focused and vertically integrated real estate operational platform streamlines property-level decision-making and the management of capital projects.

Managed by

William McPadden, CPA

Global Head of Real Estate

Bill is responsible for the firm’s real estate equity and debt businesses, with overall accountability for the strategic management and operations of Manulife’s extensive and diversified portfolio of prime commercial real estate properties in key metropolitan centers throughout Canada, the United States, and Asia. He’s also responsible for the company’s commercial real estate debt platform, which places first mortgage debt on top-quality commercial real estate in major metropolitan areas throughout North America. ​Prior to his current role, Bill was the senior managing director of North American real estate finance at Manulife. He also has served in a variety of commercial real estate roles, including investment origination, portfolio management, and workouts. Prior to joining Manulife, he was a controller with the Krupp Companies and a senior auditor with Arthur Andersen. Bill holds the Certified Public Accountant designation.

  • Education: B.B.A. in Accountancy, University of Massachusetts Amherst
  • Joined the company: 1992
  • Began career: 1992
William McPadden, CPA

Matthew Morano

Portfolio Manager, Real Estate Equity

Matthew works on acquisitions and asset management on behalf of the firm and its private market clients. Prior to joining the firm in 2014, he worked in commercial real estate in development, fund, and institutional investment settings at firms such as Marcus Partners, Berkeley Investments, and Sun Life Financial.

  • Education: B.B.A., University of Massachusetts; M.S. in Finance, Boston College
  • Joined the company: 2015
  • Began career: 2005
Matthew Morano

Greg Spafford

Senior Portfolio Manager, Real Estate Equity

Greg is responsible for investment strategy, transaction execution, and overall portfolio management of Manulife’s Canadian Pooled Real Estate Funds, including Manulife Canadian Property Portfolio, Manulife Canadian Real Estate Investment Fund, and Manulife Canadian Pooled Real Estate Fund. Prior to joining the firm in 2017, he held positions at LaSalle Investment Management and PricewaterhouseCoopers.

  • Education: B.C., Ryerson University; M.P., Queen’s University
  • Joined the company: 2017
  • Began career: 1997
Greg Spafford

Matthew Warner

Portfolio Manager, Real Estate Equity

Matt is a real estate portfolio manager within Manulife Investment Management's private markets team. Prior to joining the firm in 2016, he was director of portfolio management at Colony Capital, responsible for supporting the head of portfolio management and chief financial officer for that firm’s core-plus/value-add platform, as well as various other corporate initiatives. Prior to that, he was a vice president in the consulting and valuation division at the Debt Exchange.

  • Education: B.A. in Economics, Boston College; M.S. in Real Estate Development, MIT
  • Joined the company: 2016
  • Began career: 2005
Matthew Warner

Key facts

Inception date

1925

Strategy AUM (USD)

$17.7B

Category

Private markets

ESG

Green building certifications on 80% of our nearly 60.8 million sq. ft. global portfolio 

Important disclosures

ESG statistics are as of December 31, 2019. All other data is as of June 30, 2020, unless otherwise indicated. Strategy assets under management include assets managed by Manulife Investment Management and its affiliates on behalf of Manulife’s Canadian and U.S. General Accounts and also certain third-party investors. Not all portfolio managers are depicted. Investment advisory services to external accounts in the United States are offered by Manulife Investment Management Private Markets (US) LLC (“Manulife IM PM (US)”), a U.S. Securities and Exchange Commission registered investment adviser and subsidiary of Manufacturers Investment Corporation. The inception date of Manulife IM PM (US)’s first external account mandate was 2014. Manulife IM PM (US) manages $0.5B of real estate equity strategies on a discretionary basis and $1.8B on a nondiscretionary basis, as of June 30, 2020.


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